Greenspan: other groups interested in Dow Jones investment

JohnLetzing

SAN FRANCISCO (MarketWatch) -- Internet entrepreneur Brad Greenspan said Monday that over five separate groups are now interested in investing in Dow Jones & Co., alongside his own Journal Investment Group. Greenspan, one of the founders of MySpace.com, has previously offered to acquire a stake in Dow Jones through a leveraged recapitalization, while investing in its online properties. That bid followed the $5 billion offer originally made by News Corp.
NWS, +1.43%
in May for Dow Jones
dj
the parent of publications including The Wall Street Journal and MarketWatch, the publisher of this report. Greenspan said in a prepared release that the interested groups would invest $600 million in "new media initiatives" for Dow Jones. He said he has asked the Dow Jones board to provide "basic due diligence material" to groups, which he did not identify, other than to say that "all of these investors have completed similar or larger sized transactions historically."

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